Former President Donald Trump (R), speaking this weekend at The Bitcoin Conference, garnered raucous applause when he promised to fire Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC).
JUST IN: Crowd goes absolutely nuts after Donald Trump vows to fire SEC Chairman Gary Gensler during the Bitcoin Conference in Nashville, Tennessee.
Even Trump seemed surprised at the support for his announcement, so much so that he repeated it, to even more thunderous applause.
The Bitcoin Conference is an annual event dedicated to Bitcoin, blockchain technology, and related topics. It serves as a gathering for Bitcoin enthusiasts, developers, investors, and industry leaders to discuss the latest trends, technological advancements, and regulatory developments in the cryptocurrency space. The conference typically features keynote speeches, panel discussions, workshops, and networking opportunities. It attracts a diverse audience, including both newcomers and seasoned professionals, and often includes presentations from prominent figures in the Bitcoin community. The event aims to foster education, collaboration, and innovation within the Bitcoin ecosystem.
The conference was created by BTC Media, a media and publishing company focused on Bitcoin and blockchain technology. BTC Media is known for producing content and organizing events to promote the adoption and understanding of Bitcoin. The first Bitcoin Conference, originally known as Bitcoin 2013, was held in San Jose, California. Over the years, the event has grown in size and scope, becoming one of the most prominent gatherings in the cryptocurrency industry.
Trump also announced that his administration will create a strategic bitcoin reserve:
If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future, we’ll keep 100%. This will serve, in effect, as the core of the strategic national bitcoin stockpile.
Telling the crowd that Kamala Harris doens’t like Bitcoin, Trump said supporting Bitcoin is a matter of America First:
The reason I’ve come to address the Bitcoin community today can be summed up in two simple words: America first. If we don’t do it, China and others are going to be doing it. Let’s do it and do it right. If crypto is going to define the future I want it to be mined, minted and made in the USA.